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The Pension Protection Fund (Pension Compensation Sharing and Attachment on Divorce etc) Regulations 2011
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- UK Statutory Instruments
- 2011 No. 731
- PART 10A
- Regulation 31C
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[F1Conditions subject to which periodic compensation can be postponedU.K.
31C.—(1) The conditions referred to in regulation 31A(b) are as follows.
(2) The first condition is that the person on and from the transfer day is not and has not been in receipt of any periodic compensation or lump sum compensation payment in respect of the pension compensation credit.
(3) The second condition is that for each election to postpone, the person must have sent a written notice to the Board in accordance with paragraph (4) that they wish to postpone periodic compensation, before the person receives payment in respect of the pension compensation credit.
(4) The notice referred to in paragraph (3) must include—
(a)the person’s name, address, date of birth and national insurance number;
(b)the name of the scheme for which the Board has assumed responsibility; and
(c)the date on which the person would like the commencement of periodic compensation to cease to be postponed, which must be a date before the person attains the age of 75.]
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